Can I display text object like a mesh?
You can do this with the special text property only found in text objects.



In this case, I am using Always ➨ And ➨ Property

The property actuator copies another property from a different object.
I am using the cube from this question to change the properties so you can see it updating.

I have two text objects, neither one of them have been transformed into a mesh. they both retain there edibility as a text object.

In this example, the text is white. see this question to change the text color.